September 18, 2024
We revisit the question of whether the S&P 500 has peaked, first posed in July, you can re-watch this analysis here: https://www.youtube.com/watch?v=TDtDdegrThI&t=1s Despite some fluctuations, the market has rallied and is now forming a potential cup-and-handle pattern, signaling a possible move higher. We also analyze the U.S. Home Builders ETF ($XHB), which is following a similar bullish pattern. With significant market events, such as an upcoming Federal Reserve announcement, this could be a pivotal week for both the S&P 500 and the housing market.
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